Oak Family Advisors LLC Grows Position in Generac Holdings Inc. $GNRC

Key Points

• Oak Family Advisors LLC increased its stake in Generac by 29.3%, buying 13,276 shares to hold 58,581 shares (about $7.99M), which represents 2.1% of the fund’s portfolio and its 11th largest position.
• Generac beat expectations for the quarter with EPS of $1.80 vs. $1.33 expected and revenue of $1.06B, a 12.5% year‑over‑year increase.
• Institutional ownership is high (84.04%), and multiple analysts have raised price targets; the consensus rating is a Moderate Buy with an average target of $270.31.

Oak Family Advisors LLC lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 29.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,581 shares of the technology company's stock after buying an additional 13,276 shares during the period. Generac makes up 2.1% of Oak Family Advisors LLC's portfolio, making the stock its 11th biggest position. Oak Family Advisors LLC owned about 0.10% of Generac worth $7,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. DAVENPORT & Co LLC boosted its stake in shares of Generac by 4.4% during the 4th quarter. DAVENPORT & Co LLC now owns 387,082 shares of the technology company's stock worth $53,190,000 after acquiring an additional 16,229 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Generac in the third quarter worth about $70,744,000. Strs Ohio raised its stake in shares of Generac by 583.4% in the third quarter. Strs Ohio now owns 58,096 shares of the technology company's stock worth $9,725,000 after buying an additional 49,595 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Generac by 2.6% in the third quarter. Envestnet Asset Management Inc. now owns 597,559 shares of the technology company's stock worth $100,031,000 after buying an additional 15,280 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Generac by 30.5% in the third quarter. Principal Financial Group Inc. now owns 86,623 shares of the technology company's stock worth $14,501,000 after buying an additional 20,270 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on GNRC. Needham & Company LLC reaffirmed a "buy" rating and issued a $277.00 price objective on shares of Generac in a research note on Thursday, March 26th. Barclays raised their price objective on Generac from $213.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Friday, March 27th. Robert W. Baird set a $311.00 price objective on Generac in a research note on Thursday, April 30th. UBS Group raised their price objective on Generac from $270.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Canaccord Genuity Group raised their price objective on Generac from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $270.31.

Insider Transactions at Generac

In related news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the sale, the chief financial officer owned 137,182 shares of the company's stock, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company's stock.

Generac Stock Down 0.2%

Shares of GNRC opened at $266.81 on Friday. The business's 50 day moving average is $213.65 and its 200 day moving average is $183.31. The company has a market capitalization of $15.69 billion, a PE ratio of 83.64, a price-to-earnings-growth ratio of 2.50 and a beta of 1.93. Generac Holdings Inc. has a 12-month low of $117.22 and a 12-month high of $269.58. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.47. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. Research analysts expect that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Generac Company Profile

Generac Holdings Inc NYSE: GNRC is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac's product lineup addresses a broad range of customer needs.

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